Posts

What is a Sole Proprietorship?

2020-06-12

Minyang Jiang

Sole proprietorships are the most common type of small business in the United States because they are the simplest structure for business owners looking to start and operate a business. If you own a sole proprietorship, the business belongs 100% to you, but you are also 100% liable for anything that happens to your business. […]

girl-on-phone

What Is Sole Proprietorship and How Does It Affect Your Taxes?

2015-11-27

Minyang Jiang

A sole proprietorship is one of the most common business entities used by those who are working for themselves — and it comes with its own set of tax rules.

llc

LLC or Incorporation: Which Is Right for Your Small Business?

2015-11-12

Minyang Jiang

Tax structure, startup costs, and record-keeping all need to be considered when you’re deciding which business type to form.

bankrupt

When and How Should Your Business File for Bankruptcy?

2015-09-30

Minyang Jiang

If your small business is failing, bankruptcy may be your best option — but it has to be handled the right way.

computer-blank-screen

How to Apply For a Tax ID Number for Your New Business

2015-09-17

Minyang Jiang

When you start a new business or take over an existing one, you’ll need to obtain a Federal Tax ID Number, also known as an EIN. Here’s what to be aware of.